Retirement Planning Tips

• Start saving early to take advantage of compound growth
• Maximize contributions to tax-advantaged retirement accounts like 401(k)s and IRAs
• Consider increasing your savings rate by 1% each year
• Diversify your investments to manage risk
• Review and adjust your retirement plan regularly

The 4% Rule

This calculator uses the 4% rule as a guideline, which suggests that retirees can withdraw 4% of their retirement savings in the first year of retirement, then adjust that amount for inflation each year, with a high probability that their savings will last for 30 years.